在市场经济环境下,现代企业需要创新,而企业并购也是企业制度创新的一个方面。在我国,企业并购的起步还比较晚,受相关因素的影响,在并购过程中存在着大量风险,其中又以财务风险最为突出。财务风险出现于整体并购活动中的每个环节,财务风险是并购成功与否的至关重要的因素。 In a market economy environment, modern enterprises need to innovate, and mergers and acquisitions are also one aspect of institutional innovation. In our country, the start-up of M & A is still relatively late. Under the influence of related factors, there are a lot of risks in the M & A process, among which financial risk is the most prominent. Financial risk occurs in every aspect of the overall M & A activity, and financial risk is a crucial factor in the success of M & A.